Mumbai, July 28 -- Michele Bullock, Governor of the Reserve Bank of Australia (RBA) has stated that world has been more shock-prone in recent years, but the economy is more resilient than it was in the past. The adoption of credible inflation targets by central banks - to keep inflation low and stable - has played a key role in our improved resilience. Following a once-in-a-century pandemic, economies around the world experienced inflation outcomes that few current central bankers had encountered in their professional lives. Australia was no different. Demand and employment outcomes remained strong.
She noted that in Australia, inflation declined significantly from its peak and underlying inflation also moderated in 2024 and 2025. RBA fore...